Results 21–40 of 4683 for speaker:Mr Jack Diamond

Budget Resolutions and Economic Situation (20 Apr 1970)

Mr Jack Diamond: My task this year is much lighter than it is normally. There is usually some difficulty in persuading the House, or, at all events, the Opposition, to accept our point of view. There are some taxes or reforms which have been misunderstood and there are some points to make clear. There is a good deal on one's plate. This year, the situation is very different, as those who have attended our...

Budget Resolutions and Economic Situation (20 Apr 1970)

Mr Jack Diamond: That is what I gathered the right hon. Gentleman was suggesting. I had no such intention. I think it right that people should, as they would want to do, have the opportunity of comparing the taxes and the expenses and comparing the Budget with the estimates. Those interested in the detail of it will see that within the estimates there is a table relating that part of the estimates which is...

Budget Resolutions and Economic Situation (20 Apr 1970)

Mr Jack Diamond: I will certainly consider that. This is the first time that this has been done. I am grateful that the hon. Gentleman should have found the tables of use and should have thought them worth study, which is the reason for publishing them. The table to which the hon. Member refers is, I believe, 2(d) and it serves that very purpose. I will certainly consider the hon. Member's further...

Budget Resolutions and Economic Situation (20 Apr 1970)

Mr Jack Diamond: I have already told the hon. Gentleman that I am talking about constant prices. I am talking about real terms and I am giving the figures in 1963 prices. It does not matter what year one takes as long as one takes constant prices. The increase, as I have said, is 3.9 per cent., or 4 per cent. for all practical purposes. The increase in consumption would have been one-third less than that if...

Budget Resolutions and Economic Situation (20 Apr 1970)

Mr Jack Diamond: I shall give way to the right hon. Gentleman presently, but if I keep on giving way at this pace my speech will be very long and I should not be happy about that.

Budget Resolutions and Economic Situation (20 Apr 1970)

Mr Jack Diamond: All that has been carefully taken into account in the figure which I have given. [Laughter.] The calculation is certainly a complicated one, but that does not alter the fact that, as shown in the published material, there will be an increase in consumption —in other words, an increase in the standard of living—and that this is contributed to in part by the Budget. Therefore, the effect of...

Budget Resolutions and Economic Situation (20 Apr 1970)

Mr Jack Diamond: —wilderness. There is, however, a possible explanation, because £796 million is not far from £800 million, and £800 million needs only to be mentioned, especially at the present time, for people to react. The most recent reaction was a letter toThe Timesby the hon. Member for Wanstead and Woodford, vainly attempting to extricate his right hon. Friend from his difficulties. The Leader of...

Budget Resolutions and Economic Situation (20 Apr 1970)

Mr Jack Diamond: I am only just starting it. I promise my hon. Friend that when I get to the end of it I shall give way to him. I want to deal with it in some depth. I will explain to the House, and I think that it will have some sympathy with me. There are two recollections which are very deeply embedded on my mind. The first is that when my right hon. Friend the Home Secretary, then the Chancellor, was...

Budget Resolutions and Economic Situation (20 Apr 1970)

Mr Jack Diamond: The occasion which would serve me as the best example of that is the closing of the Suez Canal, completely unanticipated until a short time before; completely unanticipated, with a major impact on our balance of payments—a major impact. It might well have been that in 1964 there were circumstances of a kind which caused a sudden switch, a complete change, from the previous balance of...

Budget Resolutions and Economic Situation (20 Apr 1970)

Mr Jack Diamond: The right hon. Gentleman will have a chance to reply and I shall be interested to hear what he says. I do not know of one. So this is one of the kind of causes.

Budget Resolutions and Economic Situation (20 Apr 1970)

Mr Jack Diamond: I am coming to the right hon. Gentleman's 1963 Budget Statement. It is part of the situation—a very important part of it. The right hon. Gentleman has been good enough to say he did not indicate to the House the kind of deficit he would be running into and, therefore, he was saying that in 1963, whatever risk he took, whatever chance he took, and whatever chance he took in 1964 in not...

Budget Resolutions and Economic Situation (20 Apr 1970)

Mr Jack Diamond: I stand admonished. I apologise for the fact that my tone was not sufficiently rebuking. I can only say that I will pass it to my right hon. Friend the Chancellor, who will still have an opportunity of catching your eye, Mr. Speaker. I will invite him to respond to my hon. Friend's remarks. Now I should like to turn to the two major points made by the right hon. Gentleman the Member for...

Budget Resolutions and Economic Situation (20 Apr 1970)

Mr Jack Diamond: Oh, well, the right hon. Gentleman did not make the rest of the case, so I will make it for him. The point he was making was that, as a result of inflation—he said it twice, both in this House and on the B.B.C., according to my transcript—2 million would be floated back, as a result of inflation, into taxation. Well, as we all recognise, there are two elements in this matter. One is the...

Budget Resolutions and Economic Situation (20 Apr 1970)

Mr Jack Diamond: Is is nonsense to suggest that we can put labels on each individual taxpayer, out of 25 million. The point is that there are 2 million people who would otherwise have been paying tax this year freed from payment. Although a small proportion of the allowance was due to them because of the reduction in the real value of the personal allowance the vast majority was an increase in their real...

Budget Resolutions and Economic Situation (20 Apr 1970)

Mr Jack Diamond: I am grateful to the right hon. Gentleman. There is a conversion certainly in acknowledging the claw-back method, and that is valuable. There is a conversion for his party, certainly in the amount. What we have done here in five years can be contrasted with what the party opposite did in 13 years. It seems a reasonable comparison. First of all, social security benefits as a whole have gone...

Budget Resolutions and Economic Situation (20 Apr 1970)

Mr Jack Diamond: My hon. and learned Friend, who always makes interesting and valid comments, says that it was a pity that the right hon. Gentleman was not speaking to the nation. Indeed it was, because he could then have said, and it would have come in very well at the point when he was discussing the number of people who would be brought back into the tax net, "We will make slashing reductions of tax and...

Budget Resolutions and Economic Situation (20 Apr 1970)

Mr Jack Diamond: It has not been answered.

Budget Resolutions and Economic Situation (15 Apr 1970)

Mr Jack Diamond: I know that the hon. Gentleman is anxious not to mislead the House. He has spoken of a reduction of 10 per cent. in the import deposits scheme. He means a reduction of 10 percentage points, or a reduction of 25 per cent.

Oral Answers to Questions — National Finance: Capital Gains Tax (17 Mar 1970)

Mr Jack Diamond: I regret that the information on which to base an estimate is not available.

Oral Answers to Questions — National Finance: Capital Gains Tax (17 Mar 1970)

Mr Jack Diamond: It may well be that there is an element of price variation in computation of capital gains tax. This applies to all capital gains tax systems, and to take it into account would be both confusing and complex to a degree, and quite unfair to other taxpayers.


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